The assets of Grumman Olson Industries will be auctioned June 13 beginning at 10:00 a.m. at the United States Bankruptcy Court in New York City.
The truck body manufacturer will be selling off all of its assets, including manufacturing facilities in Sturgis MI, Montgomery PA; Alvaton GA; and Tulare, CA. Assets also include equipment, inventory and intellectual property in connection with the dry-freight and Work-Max and refrigerated product lines and those used in conjunction with the service parts business.
Bidders will be required to show proof of its financial ability to complete the transaction. No sale will be final until approved by the court, by Grumman Olson Industries, and by the company's creditors' committee. Bids must be submitted to the auctioneer no later than 5 pm June 11.